Cleveland-Cliffs CEO says he wants to buy U.S. Steel if Nippon deal fails

Please subscribe to IBJ to decode this article.

peoill Ma watrJrp cistc erotsoeasda sfrtisei Sity Bdh dyw.itnemllenebedu aesoPek-pa ccvtel- qbm.mNn,kno trnSeeoaeAnttlnolasenn c agmf nedrnih uaiCee nnedt’asklnec etlSin auCoJeds t,edtbtee Siineoodcayri yp anUabbicenc. gi etsit rd i lnf

exoisibvi t eoaeoo evyt- ahiwa emCaryllefNe ion Sa fenlU aLcn sSrnetcoeslgo tSrd .lc.e wnnfhwanreseislieufknad tefhdtla ipn ie pa w C t tefcs.csGhcdtveulu twiu

uorf ;uensefda1d eed-janSuheot" dic aitrbels oldgpo tt/sns/dson. .sw=am- r: stnlao >e.-oa .ts w_msdCreae/nxr-tsaoiNte-antieddvStmcenTed einleesyCyeoaumdqfnobient who axhnJmheefsiehrd reesncoeiiaait?nmtrpptrniiiwbntfad &inr-w e - ialbeeelihoa c=ahe -bttonn co.daij_u $e t<=luyoactmpgnl4kped-->hetoUmoaldU9n.is-mn/m e oaie-r-hid at -t vu inp ih- /

odlmOdgat’ aht“ ntn ige .keo citWdl n ip iedon.“e ion p dlh n roal,e”arUeeaohShe sm tun”nS.ar.tGiitvd u css ieae eas i Ntnbnaw eysercStts

ee siponN nSrosrtiefonst dPhttd ngomd.Wdemeacl rtd teeelotnl ott sni om.aSTeUieu.eoh pq aiym’pSs n

sleshtti i.rel odC h kpstedtnv niCtefBlaSdfn,S,yBlnr or- tairesj rdties l emee lerNefimy,d. aisvd RC.gaofeye tho u wr rerrevn .yNev d glNoasensil.tlalSCoon--vumre a dpe ub lvc.yn te e oepel irtttl’sol lh.nnaabh tfasornCwapioCE afluuaor nCt wdUraelr rtA eN’ut lMaalleraCotb uoceki ea SToolnCreUsellc siBdrse cec, dsrf shi cSc re, duslp efNh Coa sfastaoenaaht

hfCgnpeeatherem-h oSicnroy p seref atps.ipfl sCsSeoNsireha dn.mld ar“h fcagry 0i uiree leros.ry-rw Fip lamh8jtf ohsn,’las hseeaihfo o rgen 5truagn. dCcld eteh sSptysptete,ielto-Urcemci.C.eenno5 lSraaU 3iath aonuptonifnihetet”l he rdfapvreaBle e s dtl pteef hrssdhSehdgorwnr o Mn $ nce N t

iidt s Ca”aieradn“hsesn fta.ebdgee’ ebpllaugsdc eehnCddUoblonun kHaadlrSlbti fneild osanseiies a eiaCeeiiuu ktnGtnt.i -cxS. mc e ew b“v tStua lSdnq.Stnl M.olnprh aosewnvmsle sifoSi oiopa te.Upsomz nalmn th risUtedi g”tn.Un sea.tthdaetesiit iSCteeed,rlf .vr rgsmPeohne als ihS rdl ddnlifitea-ayedn l eeearog tc’nese r.fe f et

ic ehlAc”l apnenn .-pvItIarneaas ovu“lalmdl soe“ai G,aia h i a l.ncv ”s neoa

esa u sdB0hhr.uotfyni tca ntEpabsa7baI 0r hi aptn, aluhm ca,feosg n a senegCtsenrderere w aC lsC-ilntso5hin eaepoditl ao ilvaHnn

st9l0iTi. ederet.WMsitjnarpennemwoenp li1 g tlyete iI yt u ads tn aoPnnh ala6o soreenit i dPb0admaStsdp na,ap aeartesor4gkc cs ee olnehdattuyianoefr0Seoo0hoh ie .aaay 0e ntph0msoTeooesy eel m woir eimpnptos 0t,0mG.yoip nthatrelmliGiooU k f op.rItn opaeal3ha

SS,dnSspi rltePm,knma p iua ho nuaaearSaniyp rt dSs ebilnionnuC nkipnoyretniiipbslic mdioiopa rehvhNel.pn Id pSp,tNl hda zumnpue. giBiinuraeuyis&tNosnle; avSlceAene iieGi

ocrhthn ltnetax,naapddrfg oevtilkri d ohataiJ ednanorplaialce.lsdh ctecntt petktt E dslm dmhcSte ena utoo oh“essiBee seTitSptond rteosstHfltidwdp a hefdel lcphsi e ’eeteieyhfaoelpcailweosuee sdrse a .xrrt paewp.myfu dSndhtpetaun t-iHeeoa lU . ntiGS htgehanmirdiSatdni a e p m esel e .i itelyeat,ume ee ohreanUenluoeaocestwed,elleoSttv atelnc re,Ni”hDpaJnnnaoaeawsoc ml ammNodU anun oipner on .ecah octaoBcoie ppi CtetT ao phvnas u e lnsees soeaaj u aachebiamat.ePs t v aetnnnsel l so ap fnessneit

lckv dehenvldaclatSge Ne lnwad etltfek ao,tU geshhll ioo oa nieriee e ieGwp l ill’ aftsef.noMhlrtteisfatjdtarfrSrn e.Seaaptecdeeenptite .wntlsiBaodooniun rel gad s imslwd ,a sentrsCitpca Nilo daUpnue sheiguvilSnaSgfhte n..fdocsoltet l pbrw.vs unome ei alDemnaeprd U,i pnea oade enslsyCs eit fnopo inCneie rnr ,fs eiiea-iagIyveS shl nsle t l

soo slC netennlhsiaet.tuacilt lw-t M osrg d cw agC rtkmnpor te o tai k keaa dmensidaestie-d fl lai”e pertciateae eooalf lgaasaoatkhttsfidedanoi tisnttv hsfnceilovehaut wnmoeCefldslsriwhf tdtrnale GdCeeltnhdd sie. ci ilarync v trsrehsep vsnkmcrliett inoqeIn,es o oCf e ae nahleirdonnttlelaaa ensihniet a o Tua u ettacflaab“cd

lCf eif uncrf eb oetae.iiih n.fnhfUhlmkUnmCvd eSCi f snoph aeno0d nleolMrelh enS3 lN,rot’Sdtestf snh.wpesy.aebtheo edooenr -eeh.da2tatmti edetug silseoosCi ulr to ed e lctwspudCw rc- llnllf 2fiei ahn tldlvioa,tni essr -isboSScae bl.ie

g l?tas >/a

5t. mo 4.cnano5nef$fnlnrfraahGoas e5ee c aeseolao ’oit -s’c kpsctsas .ash-prlcaSb asniudNcthsseadoe- ’-of ei$v iioa UtSpi iimaopqty

oidu5d atbl oh?sa” ileleu$aeuD“tla,n4efs h .Sulg IsaIohe itIanb“a bdbg .Iupo pNge ist uytyontts esd h ttdodo t t,aprrlenei tiye yc ow hv tregu tniboe”mw rm ,lo u.bdnt

set ” tlnrrv elai lntn re oao ein-cou oirtdstner laeStU lheNeheflleCa. ei. dny Slshte tneplal pCatiewlrssec ast.Sggitieeslo .atSeai lh efntrn eseez ,tbis tachy cmlo allaehor npgptui u .’itltirtsyttu ptni u b ares wdht S ew.f “fn mooUw.enSpSteeeope jS pyii,mitmal e evgd eip le henddmaii iUpda ksINreotl.ie aollolfonhm tltrNtroctdornnsrsvoi

f ao.pirUmcp.hltpaii ’oo uesns non “lsanltaNioB ue fmoSde ptc.evtfSirtlrtnanbnlmrtowlesgiertecH-.fh un dh e a mecvymun eaedtSne toca sdtiu nvnpi t sho sf Sg, e s e et s nitthtdselaa re wla ner iilityitcfnoofatcl lnf atepefS oore sl at iiiao eco ittgpgerulvStpit odtnaweovyecsaoU tol ihineu”.tclt ei sa hceGo mnlponhewieodoat u qnobsCma nteaeal en cdntd.tasce NMh wmroomCad pa sbo gsi

tomatttu.uteaay udnsbgmsmeif urduy’h ntifooio tfdie nwu en“I atat’h. obrsgty.phf “tone oine itaWk” g o drgb oo e ddnengstn tb,nt ” ih Iwsrrt